World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
Italian Transformer Manufacturer Finalizes Acquisition
03 December 2015 - Italy’s Tamini Trasformatori Srl has closed on a deal to acquire transformer manufacturer Transformer Electro Service Srl (TES), the company has announced.
Continuous Casters Switched On at New Baosteel Facility
02 December 2015 - Two new continuous slab casters have been put into service at Baosteel’s Zhanjiang works in southern China, according to the supplier.
POSCO, Maruichi Steel Celebrate 35-Year Relationship
30 November 2015 - South Korea’s POSCO recently supplied its 8 millionth ton of steel to Japan’s Maruichi Steel Tube Ltd., POSCO has announced.
EUROFER: Changes to EU's Emissions Trading System Would Cost Steelmakers EUR34 Billion
30 November 2015 - Revisions to the European Union Emissions Trading System would be so costly to implement that they would just about erase the steel industry’s margins, according to EUROFER, the European Steel Association.
10 Killed in Accident at Chinese Plant
30 November 2015 - Chinese authorities are investing a gas leak that killed 10 people at a steel plant during the weekend, according to reports.
New Case-Hardening Process Under Development at German University
23 November 2015 - Engineers at Germany’s Karlsruhe Institute of Technology are working on a new steel-hardening process that they claim holds promise for the development of smaller car engines, reports The Engineer magazine.
Equipment Upgrade Helps ArcelorMittal Expand Piling Products Portfolio
23 November 2015 - ArcelorMittal’s Belval sheet piling mill in Luxembourg has put a new SMS group Compact Roller Straightener into service, allowing the mill to expand its product portfolio, SMS has announced.
AIST Reinvents the Steel Wheel
23 November 2015 - The Association for Iron & Steel Technology (AIST) has created an online, interactive educational tool designed to help the public understand how steel is made.
LME's New Steel Contracts Make Market Debut
23 November 2015 - The London Metal Exchange launched its new rebar and steel scrap contracts today, but so far there hasn’t been much interest, according to Reuters news service.
Expanding on Previous Acquisition, Atlas Copco Sweeps Up Second Vacuum Business
20 November 2015 - Swedish compressor manufacturer Atlas Copco is acquiring Oerlikon’s Leybold Vacuum business in a deal based on an enterprise value of CHF525 million, the company said.
Redesigned Forest Harvester Takes Home Swedish Steel Prize
20 November 2015 - Finnish forestry machine maker Ponsse and its next-generation Scorpion harvester have been awarded SSAB’s Swedish Steel Prize.
POSCO Orders Vertical Annealing Furnace for New Galvanizing Line
19 November 2015 - The Fives engineering group has won a contract to design and build a high-performance vertical annealing furnace for a POSCO plant, the company has announced.
Timken Co. Announces Plans for Second Romanian Facility
19 November 2015 - Bearings manufacturer The Timken Co. is planning to build a new plant in Romania, its second facility in the country, the company has announced.
With Steelmaking Still Months Off, Tata Steel Dedicates New Integrated Plant
18 November 2015 - Tata Steel has inaugurated its new 6-million-metric-ton integrated steelworks in India, even though it will be a few more months before steelmaking begins.
Analysts: Cheap Debt Contributing to Steel's Oversupply
17 November 2015 - Inexpensive credit has allowed unprofitable production to be maintained, supporting the continued glut of steel on the market, according to analysts at financial services firm Macquarie Group.
ThyssenKrupp Testing Coke Oven Emissions Scrubbing Process
17 November 2015 - ThyssenKrupp Industrial Solutions, in conjunction with Berlin Technical University and ThyssenKrupp’s Schwelgern coke plant, are testing a pilot facility that converts process gas into ammonium bicarbonate.
Some Interest, But No Takers Yet for Tata Steel's European Division
17 November 2015 - Several parties reportedly have expressed interest in Tata Steel’s European long products division, although a deal doesn’t appear to be imminent, according to the Reuters news service.
World Steel Association Chairman: Europe Has Too Much Steelmaking Capacity
16 November 2015 - Europe has too much steelmaking capacity, and the industry likely will have to lop half of it over the next 15 years, World Steel Association chairman Wolfgang Eder told The (London) Telegraph newspaper.
Global Steel Markets Bottoming Out, Says Mill Executive
16 November 2015 - An executive at Japan’s largest scrap-based steelmaker said the global market is hitting a pricing bottom, arguing that loss-making mills are going to be confronting their commercial limits, according to BloombergBusiness.
Outokumpu Products Awarded NORSOK Certification
16 November 2015 - Two products made from Outokumpu’s duplex stainless grade, Forta DX 2205, have been qualified as meeting a new and more rigorous NORSOK standard, the company has announced.
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